You’re welcome
Dear new reader,
Enjoy unfolding financial information with us! In early 2008, we have written a Welcome letter, welcome.pdf. Even if a lot has happened in a few months with the financial crisis, the context described in this letter is still valid. The letter gives some general leitmotivs of our approach.
Of course, you can find our fine tuned […]
follow up (ter)
With a FED statement in line with our anticipations, our trading plan (scenario) is again confirmed and amplified today!
EURUSD @ 1.5447 (Reminder: our recommendation: short @ 1.600)
GOLD @ 850 $/Oz (Reminder: our recommendation: short @ 925 $/Oz)
+ our recommendation to be short on commodities especially OIL index…
Concerning Stock Market indices, after the short sell off of yesterday afternoon, […]
FED Statement
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.
Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and tight credit conditions and the deepening […]
Warren Buffet holds
1/04/08
KO Coca Cola $12,274,000 $780,197 $12,048,000 200,000,000 0 17.85% pas de changement
WFC Wells Fargo & Co. $8,732,756 ($1,229,073) $8,310,436 289,259,868 9,590,300 12.70% a racheté des titres
AXP American Express Co. $7,886,788 ($1,114,341) $6,761,837 151,610,700 0 11.47% pas de changement
PG Procter & Gamble $7,771,286 $7,771,286 $7,100,217 105,847,000 105,847,000 11.30% a racheté des titres
BNI Burlington Northern Sante Fe […]
AAPL earnings call
Apple Inc. (AAPL)
F2Q08 Earnings Call
April 23, 2008 5:00 pm ET
[…]
Peter Oppenheimer
Thank you, Nancy and thank you for joining us. We are very pleased to report the highest March quarter revenue and earnings in Apple’s history. Revenue in the March quarter was $7.51 billion, an increase of more than $2.2 billion over the previous March quarter’s […]
Looking Up to Warren Buffett
IT OFTEN SEEMS like every hedge-fund manager is reading from the same playbook about how to look, work and behave. Neatly pressed khakis; thumbs glued to a BlackBerry; slick digs in Greenwich or Manhattan staffed by number-crunching research drones. But apparently, Mohnish Pabrai never got his copy. He wears shorts to his Southern California office, […]
A word on inflation
What is inflation, how it impacts the global economy and markets, and what conclusions for investors?
Let’s start by the definition. The standard statement that inflation is a general increase in prices is not correct. Precisely, monetary inflation is an increase in the supply of money. Then, it implies an increase in prices. The increase in […]
A word on the FED action
FED has lent 200 billions Treasuries to banks for 28 days… In fact, it is not at all a liquidity injection as it seems at first glance and often said! More a kind of exchange of high quality US Treasuries versus low quality debts from financial intitutions, with the hope that it may help their balance?!
This said, […]
Bearish odds on OIL ETF?
CHICAGO, March 11 (Reuters) - Option investors on Tuesday appeared to be betting on a decline in the price of oil in an exchange traded fund linked to the commodity even as U.S. crude oil prices surged to another record.
On the New York Mercantile Exchange, April crude CLJ8 settled at a record $108.75 a barrel, […]
Gold and Forex Reserves in Russia
[Reuters] President Vladimir Putin on Monday called for better management of the country’s $484 billion gold and foreign exchange reserves, the world’s third-largest, Russian news agencies reported.
“I ask you to prepare proposals on optimization of the management of the country’s financial reserves, taking into account what is happening in the world economy,” Putin told a […]